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PollParking Lots / Garages

Which kind of demand would you rather own under a first parking lot

I'm four deals into small commercial and looking at parking for the first time, and the thing I can't settle is what kind of demand I actually want underneath a lot. Every listing…

samantha_ruizAU4APRO55 replies

PollOpportunity Zone Investing

Does the tax benefit ever change what you'll pay for the dirt, or is that how people talk themselves into bad basis?

Argued about this with my accountant and then with a GC in the same week and got opposite answers, so I want to know where the room sits. The purist position is that you underwrit…

devon_pierce Get yoursPRO1411 replies

PollLand Subdivide and Sell

Do you underwrite the lots at retail absorption or at a bulk exit with retail as the upside case?

48 acres, ordinance supports 9 lots without a public road if I use the existing frontage and one easement, and the frontage is the constraint on how fast this moves. Comparable lo…

luis_carrera Get yours1 reply

PollStudent Housing

Furnished or unfurnished for a four bed near a mid-size campus

I'm looking at a plain four bedroom house eight blocks off a mid-size state school and the two comps on the street are doing opposite things. One is furnished, beds and desks in e…

36Bbrandonlee36Passive4 replies

PollSeller Financing (Capital Provider)

Same buyer, same house: bigger down payment or bigger coupon?

I'm about to carry on a 1970s three bedroom in a decent second-ring suburb, priced at 400k. Buyer is self-employed, two years of returns that no bank will read charitably, and he…

wendy_park48CapitalPRO152 replies

Happening NowGround-Up Residential Development (Spec Home Building)

Does the asking price on a cleared lot two streets over mean anything?

There's a cleared lot two streets over from a subdivision that finished last year. Asking 78k, flat, water and sewer in the street per the listing. I've never built anything. I've…

megan_doyle15 Get yours0 replies

DiscussionGround-Up Residential Development (Spec Home Building)

Every builder quotes a different cost per square foot for the same house

I've been pricing a couple of vacant lots and every builder I talk to quotes a different cost per square foot for what sounds like the same house. One said 145, one said 190, and…

dpatel_reCS4AAnswered1 reply

WinDispo-Only / Marketplace Model

First contract I ever moved and it took one phone call

Not a big deal by anyone's standard but it worked and I want to write down how. I'd spent about two months just talking to buyers, no deals to offer, asking what they buy. Six of…

mikeoconnell7SP2APRO170 replies

DiscussionDispo-Only / Marketplace Model

How do you actually vet a cash buyer? A proof of funds screenshot seems way too easy to fake

I have a small rental portfolio and I've been poking at the dispo side because it looks like the part of wholesaling that doesn't require me to cold call anyone. Everything I read…

36Bbrandonlee36PassiveAnswered8 replies

DiscussionTimberland / Vineyards / Orchards

TIMO or REIT for 400k when the whole point is being able to not cut

The thing that attracts me to timber is the ability to not cut when stumpage is bad. That's the option I'm actually buying. But at roughly 400k I can't get a meaningful direct tra…

aaron_fitz10 Get yoursPRO151 reply

Happening NowTimberland / Vineyards / Orchards

Closed-end timber fund PPM against buying a tract myself: the fee stack is eating the whole premium

Sitting with a PPM for a closed-end timberland fund, ten year term with two one-year extensions, and running it against the 400-odd acre direct purchase I've been working on. Tryi…

ehernandez74PO2BPRO72 replies

PollTransaction Coordination

Who is actually supposed to pay the coordinator fee?

First deal with a TC involved and I got confused at the closing statement stage. My agent's coordinator charges $425. On the estimate it showed up as a line item against me as the…

marcus_hale41CG4A6 replies

Story

Hiding one dumpster from a drone took three of us twenty minutes

Developer on a small infill project, eleven units, wanted marketing footage before the last two buildings were framed. So the shoot got scheduled for a Thursday and my job was to…

gregpowell66AG4BPRO127 replies

WinLead Generation Platforms (Building)

A morning email built off daily filings: 22 paid seats, one 11 day outage

Eighteen months ago I was reading recorder indexes by hand because I wanted to see filings before they showed up anywhere else. It took an hour every morning and I was doing it fo…

29Ddmitri_v6CapitalPRO717 replies

PollMedium Multifamily (5-20 Units)

Five year fixed or three year with a soft prepay, if you believe 2027 is better than 2026

I've been reading the supply side for a while, mostly because I wanted to know when land in these submarkets stops competing with new apartment deliveries. The read most people se…

diane_kowalskiPassivePRO141 reply

PollCRM Setup / Systems Consulting

One user, no deals yet. Do I pay someone to configure it or fumble through it myself?

I've got a lender contact, three brokers I talk to, and about thirty properties I've looked at and passed on over the last year. All of it lives in notes on my phone and a spreads…

ehernandez74PO2BPRO76 replies

PollTax Lien / Tax Deed Investing

Is there a real service business inside tax sales or is it just lawyers

I sat through a live deed auction as a spectator and counted maybe fourteen bidders who clearly knew what they were doing and thirty-something who did not. The ones who did not we…

16NnataliehsuSO1BPRO100 replies

PollSyndications: LP (Capital Provider)

Full cycle exits or the deal that broke: which one tells you more about a sponsor

Diligence on a sponsor raising a value-add multifamily deal and I've hit a fork I can't reason my way out of. Their realized record is six exits, all between 2016 and 2021, averag…

luis_carrera Get yoursAnswered9 replies

DiscussionLarge Multifamily / Apartments (20+ Units)

Even with a 6.25 exit assumption the refinance won't clear on this one

Working through a 148 unit 1996 vintage deal in a Sun Belt submarket that's about 30 percent through its supply overhang. Price 21.6 million, 145,000 a door, in-place NOI 1.19 mil…

luis_carrera Get yoursAnswered7 replies

WinLarge Multifamily / Apartments (20+ Units)

The clause I made them change before I wired, and what it was worth two years later

188 units, 2006 vintage, secondary Sun Belt market with a hospital and a university anchoring it. Basis $24.6M, $131k a unit against a replacement cost the appraiser put at $203k.…

wendy_park48CapitalPRO15Answered8 replies

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